The latest farce from the poor mans Abta travel trust association, who are looking for some sort of publicity gimmick after trying to bid for worldchoice..
Travel Trust Association director Todd Carpenter has hit back at claims it cannot fund an offer for Worldchoice.
TTA is offering Worldchoice agents £2 per share, plus £1 based on criteria and conditions yet to be determined. But Advantage chairman Steven Freudmann has questioned whether the association has the funds to table such a deal.
Carpenter said its offer was very serious and claimed it had been well received by members. He revealed that Alcuin, a private equity partner, took a 22% stake in TTA in November and would fund expansion.
“They have said it is a sound plan and want to help us to expand,” said Carpenter. “We’ve spent time and money on this proposal. We’re not wasting time of flying a kite, we’re very serious.”
Carpenter said it was up to the Worldchoice board to make a decision about its offer.
“The ball is in their court. We’re waiting for a response,” he said.
The travel trust may have a very long wait…